I saw the income potential in a college town and ability to add value.

And, importantly, fear around my ability to confidently show the Seller that the deal I am proposing is one that CAN help solve their challenge or problem (once I find out what that is!). 

So your 5-plex will help you with your ability to get into commercial real estate.

With interest rates on the rise, how has it impacted your ability to sell properties in Texas?

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

Lenders will want to see your ability to manage the mortgage and any other expenses related to the rental.3.

Quote from @Masyn Grant Barney: Utah had a bill passed (SB240) with limited funding (it has been plenty so far) that gives $20k to first time home buyers in a form of a 0% loan that is paid back on refinance or sale.

If you truly only need $65,000 that should be fairly easy with minimal requirements for you regarding your income and ability to repay the loan.

It can quite literally make or break your ability to have positive cash flow.Reducing the Need for TurnoverFirst and foremost, the idea that tenants renewing their lease or moving out is something you can’t control is a myth.

Furthermore, these start ups are usually VC funded, and the demands of their investors is that they scale up quickly, which runs counter to the ability to master even one local market well, as I detailed above.